Analysts at Needham & Company LLC assumed coverage on shares of Ralph Lauren Corporation (NYSE:RL) in a report issued on Tuesday. The firm set a “hold” rating on the textile maker’s stock.

Several other analysts have also issued reports on the stock. Cowen and Company reiterated a “hold” rating and issued a $80.00 target price (up previously from $78.00) on shares of Ralph Lauren Corporation in a research note on Tuesday. Buckingham Research reissued a “neutral” rating and issued a $68.00 price target on shares of Ralph Lauren Corporation in a report on Monday. Piper Jaffray Companies reissued a “sell” rating and issued a $66.00 price target on shares of Ralph Lauren Corporation in a report on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $75.00 price target on shares of Ralph Lauren Corporation in a report on Friday, July 7th. Finally, BidaskClub raised shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $88.44.

Shares of Ralph Lauren Corporation (NYSE RL) opened at 72.97 on Tuesday. The firm’s market cap is $5.91 billion. The firm has a 50-day moving average of $71.35 and a 200-day moving average of $78.17. Ralph Lauren Corporation has a 52 week low of $66.06 and a 52 week high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last posted its earnings results on Thursday, May 18th. The textile maker reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.11. Ralph Lauren Corporation had a negative net margin of 1.49% and a positive return on equity of 13.57%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue was down 16.4% compared to the same quarter last year. On average, analysts expect that Ralph Lauren Corporation will post $4.77 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of Ralph Lauren Corporation by 2.1% in the fourth quarter. Comerica Bank now owns 13,861 shares of the textile maker’s stock valued at $1,196,000 after buying an additional 287 shares in the last quarter. LMR Partners LLP bought a new position in Ralph Lauren Corporation during the first quarter valued at $580,000. Trexquant Investment LP boosted its position in Ralph Lauren Corporation by 34.1% in the first quarter. Trexquant Investment LP now owns 5,900 shares of the textile maker’s stock valued at $482,000 after buying an additional 1,500 shares during the period. JPMorgan Chase & Co. boosted its position in Ralph Lauren Corporation by 113.7% in the first quarter. JPMorgan Chase & Co. now owns 2,469,782 shares of the textile maker’s stock valued at $201,582,000 after buying an additional 1,314,237 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in Ralph Lauren Corporation by 11.0% in the first quarter. UBS Asset Management Americas Inc. now owns 145,367 shares of the textile maker’s stock valued at $11,865,000 after buying an additional 14,421 shares during the period. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Ralph Lauren Corporation Company Profile

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Analyst Recommendations for Ralph Lauren Corporation (NYSE:RL)

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